Indian Stock Market

2008-07-09T19:16:00.001+05:30

BHEL near resistance level

Signal of Short term rebound ?

2008-06-06T01:37:00.002+05:30

If BSE don't go below 15314 levels and NSE 4536 levels tomorrow, we can count this a short term rebound.Because of high weakness NIFTY chart can't see a rebound to 5000 levels.
AMERICAN market closed with 1.5 % gains which will help market sentiments.

GAIL and ONGC are stocks to watch for tomorrow.

NIFTY MOVING TOWARDS 4000 LEVELS

2008-06-03T02:29:00.002+05:30

Indian market may cross january lows and test 4000 in NSE and 14000 levels in BSE.
Traders can liquidate their positions because more negative are coming in their way in this june and july month.
Technically also chart of both indices are weak.2008 will not be a good year for traders and inverters.

Bearish Monday on cards

2008-05-23T23:59:00.002+05:30

Nifty closed below its resistance level of 4950 levels.Its gives a bearish signal.Last support for bulls at 4895 levels.with american market under pressure we have to expect more weak opening on monday.
Inflation Data didn't help market today.there is buzz in the market about 5 rupee increase in petrol and diesel in come days.

Climax Or Anticlimax

2008-05-19T02:17:00.002+05:30

Crucial week ahead.5228 a small mount to climb, but if market fails it can test 4650 levels.we can expect if it fall down it will take support at 5115 levels.Market made many experts in a catch.

Elliot wave experts will be eagerly waiting for this week to get confluence whether we are in correction or in a impulsive face.

Market making its base

2008-04-03T23:48:00.003+05:30

Make made a good base around 4750 levels.many stocks beaten up in these two three days can short up tomorrow. Stocks like RELCAPITAL made a three bottom in these day,which has a good support at 1210 levels and 1278 resistance level.

Range bound market ahead

2008-04-02T16:29:00.002+05:30

Market is not in a hurry.it will range in 4650 to 5050 range.Large FII investment will come only after market crossing 5150 mark.Hike in STT also effect market Volumes.Some reliance pack stocks really have a hard time ahead.But still market will better than march in this month

!!!! Alert !!! There is a trend change

2008-04-01T01:06:00.002+05:30

Market may show selling pressure,there is a trend reversal in both NSE & BSE charts.Market may stay in green for a hour or two because of new announcements of government,but it will give up its gains.NSE closed below 4750 shows short term rally ends,So it may test january lows.

Bad Global Cues Hit Market Badly.

2008-03-31T14:20:00.005+05:30

Bad morning for the market,global cues added salt in the wound.
REL touch its support level 1266 three time today ,so if it break this level traders can liquidate this stock or go short, same in the case of RELCAPITAL(Support 1274) RIL(support 2120).Bank sector need more time to come up.

F&O expiry kept the market volatile

2008-03-28T01:04:00.002+05:30

Mixed global cues and F&O expiry kept the market volatile.Banking stocks shows high selling pressure.Reality and FMCG made market alive.Market tried to make a move to green but fails.Decreasing call rate will be a positive cue for tomorrows trade.We may see fresh buying in afternoon section tomorrow.Many companies quarterly results are awaited from April 1st week onwards.Airtel and HDFCBANK are in a mouth watering position.

Why Indian Market is in Red ?

2008-03-26T22:56:00.001+05:30

We now blindly flowing US market these days.But Midcaps index was up 0.74% and BSE Smallcaps index was up 2.12%.The market is likely to consolidate in the range of 14000-17000.The market is likely to see the return of HNIs and retail investors.Global cues for tomorrow is not good,So short selling is more advisable.

Much Need Pull Back

2008-03-25T22:12:00.002+05:30

Market pull back with highest gain in 2008 till date of 928 points.Midcap index gained 6.2% and BSE Smallcap index, 4.8%.But 5150 in NSE will be high resistance zone for the market,if it break comfortable then you can go for long term in midcap stocks.Today realty, banking and consumer durable stocks were the favourites.Cues from US is not good for real estate so it will be advisable to get out of this counter in these type of rallies.
TIP:You can check the breath of the market for a particular day by checking values of momentum stocks.In our case its RNRL,JPIPRA,ESSAROIL,RECLTD,ISPAT etc
Don't

Mid and Small Cap need more time.

2008-03-24T23:17:00.004+05:30

Every day we are facing new market these days.Can you believe a 295 up can have mid and small cap of 2 to 3 % downside.Majors from bank sector and some FMCG stocks moved this market in to green.In our market small negative will elaborated and positives are neglected these days.There is a serious lack of confidence in this market,Volumes are low. If large caps make a continuous upside move then only investor buy these midcaps.

Fed cut didn't help .Now What ?

2008-03-19T23:36:00.003+05:30

Even a 300 point NASDAQ can't make Indian stock market happy.After half an hour market showed signs of weakness,later closed below 4600 in nse and 15000 in bse.Now we have to wait four days to know were this market will lead us.Liquidity is the main problem market is facing now a days and low of confidence .Now if we want to come out of this, companies have to come with their quarterly earning report more early ,that will make FII and mutal funds come back to this market.

Fed Cuts rate by 75 points

2008-03-19T01:51:00.004+05:30

Every investor was waiting for this happened from early march, and at last its official federal reserve cut its interest rate by 75 points.But early news which came, many investors in US expects a 100 points cut.In India,yesterday every one was happy with a 75 point cut but today experts are saying about 100 point or 125 points.
So with US market 3.5% up we can see a rally at least for today.Financial services which was hammered by market will get boost from this moves.Those who stuck in higher levels can minimise their loses.
Stocks to watch will be RELCAP,INDIABULLS,PSU banks,HDFCBANK,ICICIBANK
RECLTD,PFC(Both are in to financials for power sector and government announced a trillion power projects and most probably both with participate)

Second biggest fall in indian stock market history

2008-03-17T21:09:00.005+05:30

As i yesterday said SBIBANK fall to 1600 level,but bounce was HDFCBANK .Many traders take position in HDFC because its a safe house for investment for years.Is there any thing cooking behind screen no one knows.25 cent cut it lending didn't make any move in the market.Intraday player have to taken extra caution tomorrow a reliance,hdfc,ongc can make their way miserable.
Atleast a 75 point cut in interest rate by federal reserve will be a breather.

Now its SBI BANK's turn

2008-03-16T23:53:00.006+05:30

After ICICIBANK there is report that SBIBANK suffers a lows of $250000 in overseas credit derivative market.Because of the current scenario market correct heavly we may see a 4550 levels.This may sweep the moment we saw in the market last friday.So PSU and Finanical Sector may witness high selling pressure,steel is in a consolidation phase.Oil & Gas sector will be a safer sector for tomorrows trading.

TIP: SELL SBIBANK morning and BUY after 2p.m .May touch 1550 in intraday lows.

Market Waiting For March 18

2008-03-15T15:30:00.003+05:30

Indian Market Made a strong move towards 4750 levels in NSE but closed little behind it.Some Mutal Funds can't wait till March 18 purchased some largecap stocks.Others are waiting for march 18 federal meeting.We can see rally only after 5100 levels comfortable crossed.Current levels of banking sectors are mouth watering on a one year perspective.TVSMOTOR looks good in current levels taking their coming "Flame" bike in mind.RECLTD is a good stoke for the future,now its bitten because of market condition.RPL is a stock to watch from oil sector because there is news that their operations will start in september 2008,If that happens we can see that stocks in 400 levels.

Support 4600 has to be maintained

2008-03-13T14:44:00.002+05:30

Bad Global news,Dollar weakness,yesterdays bearishness effected market.Plus poor liquidity made it worse.Now 4550 -4600 level is the next support.if it broken down we can see real panic in market.Market may go to 4100 levels.All liquid stocks are down.Market became more negative after the break.New listing Vguard facing heat from Day one.Market really looking for a good news for its breath.

Base Building Is Happening

2008-03-12T19:00:00.004+05:30

Market fail to cross resistance of 5100 mark.All was going will till sun outage,then comes IIP data ,showing a major decrease in capital goods growth in Jan 2008.Even goverment anouncement of 10000 cr for farm through cash didn't help market.Because of short covering market moves to red after 3:45.
Fall of 500 points from morning levels may sent a bearish sentement.But am confident its a base building happening.New Lsting Rural Electrification Corporation Ltd(REC) looks good in current levels ,after all there will be huge demand for funding in this sector.

A mountain to climp tomorrow

2008-03-11T18:47:00.001+05:30

A good day for the market,both index closed in green after a weak.But we can say this a ralley only after NSE cross resistance level of 5100.We have three days left in this weak after their will be only one trading day because of Holi before Fed Cut date .So intraday traders may make 's money from these 4 trading days.LNT,TatapowerReliance(after sunoutage)steady the day.Oil hike made that sector champ of the day.There is also news that india will buy $100/b from now onewards.Because of election in the corner there will not be any price hike.
Buy JP group stocks for intraday tomorrow.

Looks Steady with 5:1 advance

2008-03-11T12:00:00.000+05:30

Today market showing its actual strength,dispite bad clues from US we are steady till sun outage thanks to LNT,RNRL, banking sector more especially MIDCAP and SMALLCAP's.After a weak of bearish trends there is also fresh buying in market.Mutal Funds sitting on millions of money may started the trend.Still more buying can only seen after steadly cross 4900 mark in NSE.
For intraday traders if RNRL cross 115 it may go to 120 mark today.

Start buying Power Sector Stocks

2008-03-10T12:41:00.000+05:30

Reliance energy,Tata power,Ntpc looks good in current levels,especially reliance enegy which is down around 45% from its high levels.Extra adventage i see in this stock is company also anounced a buy back of shares @ Rs.1600 of at current levels its all most 500 points difference.
Another main reason is power shortage in north india,its becoming worse everyday.
Market will recover from its early trading lows

"Midcaps" Come on show some strength

2008-03-09T14:28:00.000+05:30

Dallal Street now start saying about 4160 for NSE ,at 4770 levels we are about to 65% corrected in midcap from their high levels.500 points down for nifty will be terrible.One thing is sure, any ralley without midcap support will hit back market. Everyone looking for US and their federal reserve weather is there any cut in interest rates.
IT stocks have to come up,because main problem of their downside was strengthening of rupee.Now its above 40 mark ,so that space can make a ralley from here.Especially IT companies in educational sectors like NIIT,EDUCOMP SOLUTIONS etc..
Traders can take short position and make profit from these levels especially with momemtum stocks like RNRL,ISPATIND,IFCI etc...
Rel may continue its downward trend till RPOWER become stable.

Enough is enough

2008-03-08T22:01:00.000+05:30

We can see a 7 to 10 % downside in next week.From 14000 onewards we can see rally to around 16000.But March will not be a good month to remember for indian market.PSU Sector and Infra down around 20 to 25 % in two weeks.Levels of some stocks are mouth watering,but i say to stay away from these counters for a while.Domestic mutal funds will came to screen only after 14k levels.

REL buyback of 1600/shares is not enough for their investors.But i still think its a stock of 1.8k for sure.

Tomorrow's Update

2008-03-06T23:29:00.000+05:30

Dow Jones and Nasdaq almost one one half percent down.

Europe almost 2% down.
Asia shows some resistance trading in Green ,Nikkei 225 2% up,Hang Seng 1% up
So tomorrow we will open flat , expect some good news from domestic circuit.
intraday trader wait for half hour before taking position
Stock to watch
REL
ONGC
ESSAR OIL
RIL,RPL

We have to show some courage ?

2008-03-06T12:30:00.000+05:30

Recession ? Much talked word in these days.
US moving to recession.May be or May not.But a land like india who over come US ban after nuclear test worry about it.Our economy is the least dependable to US in Asian Countries.
We have to trust our brands and support them.Look Brazil, they are moving up .I think its the time to show world our money power.I don't know what these Mutal Funds are waiting for.Banking sector may be down now because of loan waivering but this will do good for these sector in future .You can't make money with out risk in stock market.
May be construction space is low in these days but stocks like DLF,Puravankara look attractive in these levels.
From Banking ICICI is abuy in current levels.
From PSU - CBOP(Centurion Bank of Punjab Ltd ) is good margin intraday trading
Two IPO's are also in the way of listing (Rural electrification,V-guard).Both are good companies may do good in long term